Torino Power Solutions Successfully Tests Components at Manitoba Hydro Test Facility
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/19/16Torino Power Solutions Inc. (CSE:TPS) (the "Company" or "Torino"), is pleased to announce that Torino has successfully tested its sensor and Anti-Corona ring on high voltage at Manitoba Hydro's test facility in Winnipeg. The sensor and the Anti-Corona ring passed the test with 20% margin.
"We are very excited with this milestone as we prepare our dynamic power line rating sensor technology for field deployment," said Suresh Singh, President of Torino Power Solutions Inc.Torino Power Solutions is commercializing its patented power line wireless monitoring system, also known as Dynamic Thermal Circuit Rating (DTCR) technology that is applied to congested and remotely located high voltage power lines of electric utilities. The Torino technology provides real-time data to utilities related to sag, temperature and other vital information that helps them save on maintenance costs and helps maximize transmission capacity by up to 30%. Torino sensors are extremely durable, do not require a power source and are easy to apply to existing power lines. The technology has market opportunities and applications for utilities worldwide as well as oil pipelines, dams, bridges and other major infrastructure assets. The Torino technology is supported by five patents. Please visit www.torinopower.com for more information.
We seek Safe Harbor.
On behalf of the Board of Directors
Rav Mlait, CEO and Director, Torino Power Solutions Inc.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking StatementsThis press release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as final development of a commercial product(s), successful trial or pilot of company technologies, no assurance that commercial sales of any kind actually materialize; no assurance the Company will have sufficient funds to complete product development. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) risks regarding protection of proprietary technology; (iii) the ability of the Company to complete financings; (v) the ability of the Company to develop and market its future product; and (vi) risks regarding government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings. There is no assurance that the DTCR business will provide any benefit to the Company, and no assurance that any proposed new products will be built or proceed. There is no assurance that existing "patent pending" technologies licensed by the Company will receive patent status by regulatory authorities. The Company is not currently selling commercial DTCR systems. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.
Torino Power Solutions Inc.
email@example.comLoading content, please wait.